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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day.  The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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Singapore Ups 2025 GDP Outlook to 4% as Wall Street Stumbles on Hot Jobs Data

 


Key Takeaways

  • Singapore upgrades 2025 GDP forecast to 4%, warns of cooling to 1–3% in 2026

  • Nvidia reversal slams Wall Street, rate-cut bets collapse

  • STI opens lower as risk aversion deepens

  • Stocks to watch: Hongkong Land, ComfortDelGro, IREIT Global, Coliwoo

Singapore Markets Open Lower

Singapore equities started Friday on the back foot, tracking weakness from Wall Street.

STI: 4,492.52 (-0.43%)
Advancers/Decliners: 18 / 123
Turnover: S$53.48M (9:01am)

Sentiment remains cautious as traders digest hotter-than-expected US jobs data and a sharp tech-led selloff.

Wall Street: Nvidia Faceplants, Jobs Data Kills Rate-Cut Hopes

What began as a euphoric tech rally quickly collapsed.

  • Nasdaq plunged 2.2%

  • S&P 500 dropped 1.6%

  • Dow lost 0.8%

Nvidia surged 5.1% at the open on blowout earnings — then reversed to -3.2%, dragging the entire AI complex down.

The trigger?
US payrolls jumped to 119,000 vs 50,000 expected, the first data release since the shutdown.

Rate-cut expectations for December collapsed to 39.8%, down from nearly 99% a month ago.

Crypto joined the selloff:

  • Bitcoin: -3.3% (US$86,258)

  • Ethereum: -3.4%

  • XRP: -2.4%

  • Solana: +0.1% (the only coin in green)

Breaking: Singapore Lifts 2025 GDP Forecast to 4%

Singapore’s Ministry of Trade and Industry (MTI) raised its 2025 GDP outlook to ~4%, up from the previous 1.5–2.5% range, after:

  • Q3 GDP was revised up to 4.2% YoY

  • Global conditions stabilised under the extended US–China trade truce

  • Singapore’s semiconductor and AI-related exports accelerated

Growth Drivers for 2025:

  • Manufacturing (AI & semicon)

  • Finance & insurance

  • ICT and professional services

  • Wholesale trade

But 2026 may cool to 1–3%
— as tariffs bite, China moderates, and global demand slows.

Singapore Narrows NODX Forecast

Enterprise Singapore now expects:

  • 2025 NODX: ~2.5%

  • 2026 NODX: 0–2%

Q3 NODX fell 3.3% YoY, dragged by:

  • Non-electronics: -6.5% (pharma, petrochemicals, food prep)

  • Electronics: +7.1% (PCs, ICs, disk drives)

Trade risks remain:
tariff escalation, WTO’s weak 0.5% merchandise trade outlook, and sector-specific levies.

Stocks to Watch

Hongkong Land (H78.SG)

  • Q3 underlying profit fell 13%

  • Hong Kong offices remained soft

  • New China project pre-opening expenses weighed

ComfortDelGro (C52.SG)

  • Announced leadership reshuffle

  • New Group Chief Point-to-Point Mobility Officer role

  • CFO Derek Koh stepping down; Christopher White to take over

IREIT Global (8U7U.SG)

  • Construction on track; Phase 1 completion targeted Q2 2027

  • Occupancy: 89%

  • In talks with two major tenants for a large office lease

Coliwoo Holdings (W8W.SG)

  • Formed 50:50 JV with Macritchie Developments

  • Acquiring Rehau Building (freehold, S$40M)

  • Plans conversion into co-living property

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